Once you’ve signed up for an account on eToro, you’ll need to deposit funds from your bank or credit card account. eToro doesn’t currently support buying cryptocurrencies with fiat currency – you’ll need to use another exchange like Coinbase to buy Bitcoin or Litecoin first. You can then use the Bitcoin or Litecoin you purchased to buy other assets on eToro. Be sure to keep your cryptocurrency in a wallet that you’re in control of – no one else should have access to it.

 

eToro doesn’t allow people to send money to each other, so they don’t know who is depositing money or withdrawing it.

 

You can also use eToro reviews to monitor what’s happening in the cryptocurrency world. If you see an asset you like, you can place a buy order for the purchase and see what happens when the market opens. You’ll be able to sell if the price is too high or buy if the price is too low. It won’t be easy to predict markets, but this approach can give you a sense of where prices are heading and how fast.

  

eToro is an excellent tool for cryptocurrency beginners. It’s easy to use, free with no fees, and has about ten cryptocurrencies available for trading. Once you start trading, you can learn everything you need to know about the market from eToro’s FAQ page. Keep in mind that there is no way to withdraw Bitcoins or other cryptocurrencies from your eToro account, so don’t leave your coins there.

  

While eToro isn’t the only option for cryptocurrency trading, it offers all users a lot of choice and flexibility. If you know enough about the market to find opportunities on eToro and have Coinbase, you can go from novice to expert in just a few weeks.